Economy

LATEST PODCAST: Changes at BOQ
5 December 2022
LATEST PODCAST: Changes at BOQ

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Construction backlog holds up sector
2 December 2022
Construction backlog holds up sector

The building sector has been pumped up from the backlog of construction work, but demand is beginning to ease as the cost of mortgages increases.

Major bank sets $6bn affordable housing target
2 December 2022
Major bank sets $6bn affordable housing target

NAB has committed to lending at least a further $6 billion by 2029 towards affordable and specialist housing.

Making news this week (ending 2 December)
2 December 2022
mortgagebusiness

In case you missed it… softening inflation, poses a ‘dilemma’ for RBA, borrowers receive apology from the Reserve Bank, brokers facilitated more than 70 per cent of mortgages, and more

Rates’ stress compounded via labour market downturn: Westpac
30 November 2022
Rates’ stress compounded via labour market downturn: Westpac

Household financial stress will ratchet higher as rates increase and would then be impacted by any downturn in the labour market, Westpac Bank has warned.

Communication ‘failure’ flagged as borrowers get RBA apology
29 November 2022
Communication ‘failure’ flagged as borrowers get RBA apology

RBA governor Philip Lowe has issued an apology to borrowers who “acted on what we’d said and now regret what they had done.”

Brokers now facilitate 71.7% of mortgages
28 November 2022
Brokers now facilitate 71.7% of mortgages

The third-party channel has broken 70 per cent market share for the first time in history, new MFAA data shows.

1 in 4 Aussies ‘highly concerned’ about further rate rises: NAB
28 November 2022
1 in 4 Aussies ‘highly concerned’ about further rate rises: NAB

Data averages are ‘masking’ increased mortgagor stress levels over their home loan debt, a NAB behavioural economist has explained.

RBA criticised for ‘undershooting and overshooting’, panel reveals
25 November 2022
RBA criticised for ‘undershooting and overshooting’, panel reveals

The central bank’s monetary policy approach has been criticised, the panel responsible for the review has revealed.

Making news this week (ending 25 November)
25 November 2022
Making news this week (ending 25 November)

Making news this week … high inflation “only temporary”, RBA says, ‘mortgage stress’ highest since pre-pandemic, RBNZ delivers biggest rate hike yet, tighter regulation push for BNPL, ...